Ethereum's Pectra upgrade aims to increase network capacity and reduce selling pressure

From Cointelegraph
March 2, 2025 07:03 AM:

Ethereum’s upcoming Pectra upgrade on March 5 could enhance network capacity, easing long-term selling pressure, according to analysts. The Ether price fell over 32% in February, hitting a low of $2,073 before recovering to $2,245. The upgrade includes increasing the validator staking limit to 2,048 ETH to reduce sell pressure.

The Ethereum Foundation announced a leadership shift with two co-directors, Hsiao-Wei Wang and Tomasz Stańczak, taking the helm on March 17. This change comes amidst concerns that layer-2 scaling solutions and competition from high-throughput chains are eroding investor confidence. Vitalik Buterin outlined a strategy to strengthen Ethereum and increase transaction capacity.

Read more at Coin Telegraph: Ethereum’s Pectra upgrade could lay groundwork for next market rally